Contract summary
- TermsBird Pro, $12.41 a month for the whole business
- $148.92
- What that is per live contract over the period
- $1.86
- What looking for contracts costs you over the same period
- $1,512
The scoring in the sheet comes from the figures you enter about your own contracts. Any vendor price named on this site is read from that vendor's own pricing page on a stated date and recorded with its source.
A contract summary is the one-page version of an agreement that everybody actually works from: who it is with, what it is for, when it started, when it ends, what notice it needs, what it is worth, and who owes what under it. Nobody reads the twenty-page agreement again after signature; they read the summary or, if there is not one, they read nothing and guess. Writing a summary for each live contract is the cheapest thing a small business can do to its filing, and it is most of what a contract repository stores.
Open the Contract management software comparison Free to use. No account, no card, no trial clock.
Fix the fields before you write any of them
A summary is only useful if every contract has the same one. Counterparty, what it covers, effective date, end date, renewal term, notice days, annual value, the person here who owns it, and where the executed copy lives. Nine fields, the same nine every time, or comparing two contracts becomes an act of reading.
Write the obligations as tasks with a name on them
The part of a contract that surprises people is never the price, it is the promise nobody tracked: a report due quarterly, a minimum volume, a notice you owe on a change. Each of those belongs in the summary as a thing somebody here owes, with a date and a person.
Keep the summary attached to the contract, not near it
A summary in a separate spreadsheet drifts from the agreement within a quarter and then quietly becomes wrong, which is worse than not having one. In TermsBird the summary fields are the record and the executed copy is attached to them, so there is only one version to be right.
Review it when the contract changes, not annually
An amendment or an addendum that moves the end date or the value makes the old summary false the day it is signed. Update it then, while somebody knows what changed, rather than in a review twelve months later when nobody does.
Something the Contract summary does not settle about your contracts?
Tell us what you are keeping contracts in today and what went wrong last time, and a person here will tell you straight whether TermsBird helps.
What the person who keeps the contracts asks about the Contract summary
What should a contract summary template contain?
The same nine fields for every agreement: counterparty, scope, effective date, end date, renewal term, notice period, annual value, internal owner, and a link to the executed copy. Add obligations underneath as dated items with an owner. Resist adding fields that only one contract needs.
Who writes the contract summary?
Whoever will be asked about the contract later, which is usually the office or operations manager rather than the person who negotiated it. Writing it is also the best check that somebody has actually read the agreement they signed.
How long should a contract summary be?
One screen. If it does not fit, the extra material belongs in the obligations list or in the contract itself. The whole value of a summary is that it can be read in the thirty seconds somebody has before answering a question.
Can this be automated?
The fields can be held and kept current automatically once they are entered, which is what TermsBird Pro does at $12.41 a month for the whole business. Extracting them from the PDF in the first place is a different product and, at small-business volumes, slower than typing them.
TermsBird Pro
Keeping the contract after the sheet has scored it
You keep the contracts. Pro holds each one against its counterparty with its effective date, expiry, notice period and value, warns you before the notice window closes, keeps the obligations somebody in the business owes under it, and exports the lot whenever you ask, so leaving is never a hostage situation.
- Take the contract record away as a file whenever you want it
- Send a renewal notice with nothing on it but your business
- Come back next quarter and find the contracts still there
- Put your logo on the notices and letters that go to a counterparty
- Export every contract, date and obligation at once, so leaving is never a hostage situation
- Send the renewal notice or termination letter from the record it belongs to
$12per month, whole team
Start TermsBird Pro PricingTermsBird Pro is $12.41 a month, billed monthly, and it renews on the same day each month at the same price until you cancel. The price and this renewal are shown again on the checkout page before you pay.